China’s central bank decreased the rate of the medium-term lending facility by 20 basis points to 2.3%, the first reduction in almost a year. The cut followed the PBOC’s trim of the seven-day reverse repo by 10 basis points on Monday.
In a tragic incident at Rau's IAS coaching centre in Old Rajender Nagar, Delhi, three students lost their lives after rainwater flooded the basement library on Saturday evening. Out of 30 students present, 27 escaped or were rescued. Multiple agencies, including the NDRF, Delhi Police, and the fire brigade, conducted a rescue operation. An FIR has been filed for causing death due to negligence. The heavy rains caused the basement door to collapse, and students described the scene as "horrific." A... Читать дальше...
The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore.HDFC Bank's valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
The Adani Group will commission the first phase of a $4 billion PVC project by December 2026, entering the petrochemicals sector. This project aims to address India's PVC demand-supply mismatch. The initial phase will produce 1 million tonnes per annum, with State Bank of India leading the financing.
With only four states enacting floodplain zoning legislation, the Centre plans to make it mandatory for accessing central flood management funds. The Ministry of Jal Shakti has urged states to implement the Flood Plain Zoning Act and demarcate flood zones. Despite updated guidelines and persistent communication, progress remains limited. The proposal aims to link compliance to funding under the Flood Management and Border Areas Programme (FMBAP), emphasizing the necessity for comprehensive flood... Читать дальше...
External Affairs Minister S Jaishankar on Sunday unveiled the bust of Mahatma Gandhi at Freedom Plaza in Edogawa, Tokyo on the sidelines of the Quad Foreign Ministers meeting. Jaishankar attended the ceremony in the presence of Edogawa Mayor, Takeshi Saito, Sibi George, the Ambassador of India to Japan and other ministers, with a group of schoolchildren singing Gandhi's favourite prayer, "Raghupati Raghav Raja Ram."
"Overnight, the IAF struck a series of Hezbollah terror targets both deep inside Lebanese territory and in southern Lebanon, including weapons caches and terrorist infrastructure in the areas of Chabriha, Borj El Chmali, and Beqaa, Kfarkela, Rab El Thalathine, Khiam, and Tayr Harfa," the military said.
India all-rounder Axar Patel believes new T20I skipper Suryakumar Yadav is a bowlers' captain who allows the team to execute their plans. He believes that the team will maximize its batting combinations in the ongoing series against Sri Lanka. Axar played under Suryakumar in the last Australia series, where the hosts won 4-1. The batting line-up in the opening T20I was formulated with the idea of maximizing left and right-hand options.
India Olympics 2024 Day 2 Schedule: The Indian contingent at the Paris Olympics will continue to progress in qualification rounds on Sunday, with tennis, badminton, boxing, and shooting taking center stage. A women-dominated day for India includes key names like PV Sindhu, Nikhat Zareen, and Manu Bakher. The qualification round of women's 10 m air rifle will feature Elavenil Valarivan and Ramita Jindal, followed by PV Sindhu taking on Fathimath Nabaah.
Three UPSC aspirants lost their lives due to flooding at a coaching centre in Delhi's Old Rajinder Nagar following heavy rain. The police detained the coaching centre's owner and coordinator, and a case has been registered for inadequate maintenance, according to DCP Central M Harshavardhan.
In 2024, five equity mutual funds provided exceptional returns exceeding 35%. Leading the list were JM Midcap Fund and Quant Value Fund, both achieving around 38%. Motilal Oswal Midcap Fund closely followed with 37.93%. JM Flexicap Fund and ITI Mid Cap Fund also performed well, holding significant assets in June 2024
Following the deaths of three civil services aspirants in a basement flood at a coaching centre in Old Rajinder Nagar, Delhi Mayor Shelly Oberoi has directed strict action against commercial activities conducted in basements. Oberoi instructed the MCD commissioner to target such coaching centres for violating building regulations.
A long buildup happens when open interest and trading volumes rise with the stock price in the F&O segment, signaling a bullish trend. On Friday, 5 stocks saw fresh long positions
Manipur CM N Biren Singh’s participation in two meetings chaired by PM Narendra Modi in New Delhi raised questions from Congress about a potential one-on-one discussion on Manipur’s violence. The clashes between Meitei and Kuki communities have led to 200 deaths and thousands displaced since May 2023. Singh's visit has prompted calls for Modi to visit Manipur.
Former President Donald Trump pledges to make the US a "Bitcoin superpower" if re-elected. He promises to create a Bitcoin advisory council, oppose central bank digital currency, and establish a strategic national Bitcoin stockpile. Trump criticizes current regulations and vows to make the US a crypto-friendly nation.
Irate students are protesting against the Municipal Corporation of Delhi (MCD) and the management of an IAS coaching institute in West Delhi's Old Rajender Nagar, where three students lost their lives after the basement was flooded with water. Three students died in the basement of the popular IAS coaching institute yesterday, police said.
He has over 33 years of extensive experience in the Finance sector, including his previous tenures as Managing Director and CEO at Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI.
Heavy downpours in central Delhi led to the tragic death of three IAS aspirants after their coaching centre's basement flooded. The weather department forecasted cloudy skies with light showers. Delhi's minimum temperature was 28.2 degrees Celsius, and the AQI was 91, reflecting satisfactory air quality.
Two officials, including the deputy mayor of Linjiang city in Jilin province, went missing during flood rescue efforts, state broadcaster CCTV said, citing city authorities. More than 27,000 people in northeast China were evacuated and hundreds of factories suspended operations. Cyclonic winds from Gaemi, downgraded from a typhoon, had mostly dissipated by Sunday, but many parts of China remained under alert for flooding risks caused by earlier rains. Remnants of Gaemi's vast cloud-banks could still dump rain on already waterlogged cities... Читать дальше...
In the Union Budget 2024-25 presentation, Finance Minister Nirmala Sitharaman emphasized fiscal consolidation and strategic spending. The government allocated additional resources to reducing the fiscal deficit and boosting revenue spending. Stock recommendations include LIC Housing Finance and Dabur, expecting significant returns over the next year.
ICICI Bank reported a 14.6% increase in Q1 net profit, reaching Rs 11,059 crore, surpassing expectations. Net interest income rose, and treasury income surged. While gross NPA ratio improved, slippages increased marginally.
